Like Ivies, Berkeley adds aid to draw middle-class students

By eCampus News staff and wire reports

December 19th, 2011

The University of California, Berkeley, announced Wednesday that it would offer far more financial aid to middle-class students starting next fall, with families earning up to $140,000 a year expected to contribute no more than 15 percent of their annual income, in what experts described as the most significant such move by a public institution, the New York Times reports. As state budget cuts have led to rising tuition and fees at the University of California and other prestigious campuses across the nation, the middle class has increasingly been squeezed out of what was long seen as higher education’s best balance between quality and affordability. At Berkeley, officials said, the number of low-income and wealthy students has grown over the last several years, while the number from middle-class families has remained flat…